Tenth place: Alibaba Group Holdings Co., Ltd.

According to the latest data, Alibaba’s profit in 2019 was 69.6 billion yuan. Alibaba is a leader in my country's e-commerce, mobile payment, cloud computing and other fields. It has many profitable businesses, among which the e-commerce business has contributed huge profits to Alibaba. Take the third quarter of last year, for example, the e-commerce business has adjusted EBITA (earnings before interest, taxes, and amortization) is 46.079 billion yuan, which is about 500 million yuan a day, which is equivalent to the annual profits of many listed companies. I have to say that Alibaba is really making money.

Ninth place: Bank of Communications Co., Ltd.

According to the latest statistical data, Bank of Communications Group achieved a net profit (attributable to shareholders of the parent company) of RMB 77.281 billion, a year-on-year increase 4.96%; total assets reached RMB 9.91 trillion, an increase of 3.93% from the end of the previous year; the non-performing loan ratio decreased by 0.02 percentage points from the beginning of the year to 1.47%, and the provision coverage rate was 171.77%.

Ren Deqi, Chairman of the Bank of Communications, summarized the Bank’s operating performance in 2019 with the words “making progress while maintaining stability and improving quality while maintaining stability”. He said, “Behind the data are more valuable and sustainable Steady growth."

It is reported that in 2019, the Bank of Communications’ loan increase in the three major regions of the Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, and Beijing-Tianjin-Hebei was 2.18 times that of the same period last year, accounting for 52% of the bank’s new loans. A year-on-year increase of 6.8 percentage points. The "same frequency and vibrancy" of business layout and national regional strategy is the main logic. Among them, the Yangtze River Delta is the core of Bank of Communications' regional development strategy.

Eighth place: Tencent Holdings Co., Ltd.

According to the latest statistical data, Tencent Group’s net profit for the whole year of 2019 was 93.31 billion yuan, and the market expectation was 94.315 billion yuan. , it was 78.719 billion yuan in the same period last year. Full-year revenue in 2019 was 377.289 billion yuan, market expectations were 376.445 billion yuan, and 312.694 billion yuan in the same period last year. Among them, the full-year net profit in 2019 increased by 19% year-on-year, and the full-year revenue increased by 21% year-on-year.

In 2019, the combined number of monthly active accounts of WeChat and WeChat was 1.165 billion, a year-on-year increase of 6.1%; the number of monthly active accounts of QQ smart terminals was 647 million, a year-on-year decrease of 7.5%.

In 2019, the average daily number of transactions in mini programs more than doubled year-on-year, and the total transaction volume exceeded RMB 800 billion.

Online advertising revenue in the fourth quarter of 2019 was 20.23 billion yuan, and online advertising revenue for the whole year was 68.38 billion yuan.

In 2019, social network revenue increased by 17% to RMB 85.281 billion.

In 2019, value-added service business revenue increased by 13% year-on-year to 200 billion yuan; online game revenue increased by 10% to 114.7 billion yuan, of which overseas game revenue more than doubled year-on-year, accounting for 23% of online game revenue . As of the end of 2019, five of the world's top ten most popular smartphone games (by daily active users) were developed by Tencent.

Seventh place: China Merchants Bank Co., Ltd.

According to the latest statistical data, China Merchants Bank’s net profit in 2019 was 92.87 billion yuan, a year-on-year increase of 15.3%. Total assets were 7,417.2 billion yuan, a year-on-year increase of 10.0%. Total loans were 4,490.7 billion yuan, a year-on-year increase of 14.2%. Equity attributable to ordinary shareholders was 577.2 billion yuan, a year-on-year increase of 14.1%. Risk-weighted assets were 4,606.8 billion yuan, a year-on-year increase of 12.6%. Operating income was 269.7 billion yuan, a year-on-year increase of 8.5%, and pre-provision profit was 178.3 billion yuan, a year-on-year increase of 6.6%.

In 2019, China Merchants Bank’s total loan provisions were 223.1 billion yuan, and total asset provisions were 244.7 billion yuan, a year-on-year increase of 16.2% and 18.0%; asset impairment losses of 61.2 billion yuan were 66% of net profit in 2018 It was 60.8 billion in 2017 and 59.9 billion in 2017, basically the same in the past three years. The balance of non-performing loans was 52.3 billion, and the non-performing loan rate was 1.16%, a year-on-year decrease of 0.2 percentage points.

Special mention loans were 52.6 billion yuan, down 11% year-on-year, basically the same as non-performing loans; overdue loans within 90 days were 18.9 billion yuan, down 4% year-on-year; loans overdue for more than 90 days were 4.5 billion yuan, up 5% year-on-year, and were non-performing loans 85% of the total; restructured loans were 25 billion yuan, an increase of 10% year-on-year.

Sixth place: Ping An Insurance (Group) Co., Ltd. of China

According to the latest statistical data, the bank achieved operating income of 137.958 billion yuan in 2019, a year-on-year increase of 18.2 %; net profit was 28.195 billion yuan, a year-on-year increase of 13.6%. As of the end of 2019, the bank's total assets were 3,939.070 billion yuan, an increase of 15.2% from the end of the previous year; the balance of deposits received was 2,436.935 billion yuan, an increase of 14.5% from the end of the previous year; the total loans and advances (including discounts) issued were 23,232.05 billion, an increase of 16.3% compared with the end of the previous year. In 2019, the bank's net interest margin and net interest margin were 2.53% and 2.62% respectively, an increase of 27 basis points compared with 2018, and profitability continued to improve.

According to the latest annual report, at the end of 2019, Ping An Bank’s retail customer assets under management (AUM) were 1.982721 billion yuan, an increase of 39.9% from the end of the previous year; the balance of personal deposits was 583.673 billion yuan, an increase of 39.9% from the end of the previous year. An increase of 26.4%. The balance of personal loans was 1,357.221 billion yuan, an increase of 17.6% from the end of the previous year; in 2019, the number of credit cards in circulation of the bank reached 60.3291 million, an increase of 17.1% from the end of the previous year. The total credit card transaction amount was 3.336577 billion yuan, a year-on-year increase of 22.5%. At the end of 2019, the bank had 97.0773 million retail customers, an increase of 15.7% from the end of the previous year; among them, there were 779,300 wealth customers, an increase of 31.7% from the end of the previous year, and 43,800 private banking customers that met the standard, an increase of 45.7% from the end of the previous year. . At the end of 2019, the number of registered users of Ping An Pocket Bank APP was 89.4695 million, an increase of 43.7% from the end of the previous year, and the number of monthly active users (MAU) of Ping An Pocket Bank was 32.9234 million, an increase of 23.5% from the end of the previous year.

Fifth place: China Mobile Co., Ltd.

According to the latest statistical data, China Mobile’s annual operating revenue reached RMB 745.9 billion, a year-on-year increase of 1.2%, of which communication service revenue Reaching 674.4 billion yuan, a year-on-year increase of 0.5%, the profit attributable to shareholders was 106.6 billion yuan, a decrease of 9.5%, but the net profit exceeded expectations.

In 2019, there was a net increase of 25.21 million mobile customers, reaching 950 million. Mobile Internet traffic increased by 90.3% year-on-year, and mobile Internet DOU (average monthly Internet traffic per household) reached 6.7GB. Mobile ARPU (average revenue per user) was RMB 49.1.

Among them, the number of home broadband customers reached 172 million, a year-on-year increase of 17.1%. Among them, the number of users of "Mobaihe" reached 122 million, with a penetration rate of 70.9%. The comprehensive ARPU of home broadband reached RMB 35.3. As of the end of 2019, the number of government and enterprise customers reached 10.28 million, a year-on-year increase of 43.2%.

In the same year, international business revenue increased by 31.4% year-on-year, and equity investment income contributed 11.9% to net profit; the monthly active users of "Migu Video" increased by 46.4% year-on-year, and the core functions of "Hebao" increased by 46.4% year-on-year. Active users increased by 58.9% year-on-year.

In addition, in order to meet the needs of building a leading 5G network, building strategic cloud infrastructure, and supporting the four-round development of CHBN, the company’s capital expenditure budget for 2020 is 179.8 billion yuan, of which 5G-related investment plans are approximately 1,000 yuan. billion.

This year China Mobile will actively promote 5G construction and strive to have a cumulative scale of 5G base stations reaching more than 300,000 by the end of 2020, basically achieving 5G coverage in urban areas above prefectures and cities across the country.

Fourth place: Bank of China Co., Ltd.

As of the end of December 2019, Bank of China’s total assets were 22.77 trillion yuan, an increase of 7.06% from the end of the previous year; operating income was achieved throughout the year 550 billion yuan, a year-on-year increase of 9.17%, and net profit was 187.405 billion yuan, a year-on-year increase of 4.06%.

Among them, Bank of China’s domestic RMB loans increased by 1.0502 billion yuan, an increase of 11.7% from the end of the previous year.

Among them, the proportion of manufacturing loans remained at a high level, and medium and long-term manufacturing loans and high-tech manufacturing loans grew steadily.

At the end of 2019, Bank of China’s inclusive finance loans increased by 38% compared with the end of the previous year, and the comprehensive financing costs of loans were further reduced. In 2019, a total of 1.96 trillion yuan of loans were issued to private enterprises, accounting for 36.78% of corporate loans, an increase of 2.16 percentage points from the previous year. The growth rate of private enterprise loan balances was higher than the overall growth rate of corporate loan balances.

Third place: Agricultural Bank of China Co., Ltd.

According to the latest statistical data, the annual operating income was 627.268 billion yuan, a year-on-year increase of 4.8%, which was attributed to the parent company Shareholders' net profit was 212.098 billion yuan, a year-on-year increase of 4.6%.

The net interest margin narrowed slightly to 2.17% year-on-year last year, while asset quality remained at a good level. The non-performing loan rate was 1.4%, a year-on-year decrease of 0.19 percentage points.

From the perspective of asset and liability structure, as of the end of 2019, the bank's total assets were 24.88 trillion yuan, a year-on-year increase of 10%. The deposit and loan business has good growth momentum, with a loan growth rate of 11.9% and a deposit growth rate of 11.9%. is 6.9%.

The latest report data shows that the bank achieved net fee and commission income of 86.926 billion yuan last year, a year-on-year increase of 11.2%, and other non-interest income of 53.471 billion yuan, a year-on-year increase of 25.3%. The growth of this part of revenue was mainly affected by factors such as the increase in corporate settlement, syndicated loan services, credit card installments, e-commerce, etc., as well as the growth in premium income of subsidiaries.

Second place: China Construction Bank Co., Ltd.

According to the latest statistical data, China Construction Bank’s total group assets are 25.44 trillion yuan, an increase of 9.53% over the previous year.

Net profit was 269.222 billion yuan, an increase of 5.32%; net profit attributable to shareholders of the Bank was 266.733 billion yuan, an increase of 4.74%.

Net interest income was 510.680 billion yuan, an increase of 5.02%; net interest margin (NIM) was 2.26%, a year-on-year decrease of 5 basis points.

The return on average assets and the weighted average return on net assets were 1.11% and 13.18% respectively.

The capital adequacy ratio is 17.52%, the non-performing loan ratio is 1.42%, and the provision coverage ratio is 227.69%.

First place: Industrial and Commercial Bank of China Co., Ltd.

According to the latest statistical data, the total assets of Industrial and Commercial Bank of China exceeded 30 trillion yuan (RMB, the same below) in 2019. Customer deposits increased by 1.57 trillion yuan; net profit was 313.4 billion yuan, a year-on-year increase of 4.9%; pre-provision profit was 570.7 billion yuan, a year-on-year increase of 6.9%.

In terms of asset quality, the non-performing loan ratio decreased by 0.09 percentage points from the end of the previous year to 1.43%; the provision coverage ratio increased by 23.56 percentage points to 199.32%; the capital adequacy ratio increased by 1.38 percentage points to 16.77% . According to the recommendations of the board of directors, ICBC’s estimated cash dividend amount for 2019 is 93.664 billion yuan, or 2.628 yuan before tax for every 10 shares.

In 2019, ICBC’s various loans increased by 1.34 trillion yuan, an increase of 8.7%, compared with the end of the previous year, of which domestic RMB loans increased by 1.33 trillion yuan, an increase of 9.8%. Bond investment increased by 813.8 billion yuan, an increase of 13.5%, of which government bonds increased by 726.3 billion yuan, an increase of 18%. It is the lead underwriter of domestic bonds worth RMB 1.52 trillion, ranking first in the market.

Today’s benefits:

Today, brokerage firms increased their volume, wireless headsets led the consumer electronics market, and Edifier and *** reached the daily limit for audio! It’s now the time window for a mid-term earnings wave, and technology stocks generally have good growth expectations!

In the context of the epidemic, it is rare for listed companies to achieve an expected increase in interim results. Therefore, it is recommended that everyone pay attention to high-quality companies whose interim results are expected to increase or even increase significantly, but the increase is limited!

I have screened a list, focusing on stocks whose interim results are expected to double, and marked the range of growth (the smaller the better), you can use it as a reference.

Today, securities firms increased their volume, wireless headsets led consumer electronics, and Edifier and *** reached the daily limit of electronic audio! It’s now the time window for a mid-term earnings wave, and technology stocks generally have good growth expectations!

In the context of the epidemic, it is rare for listed companies to achieve an expected increase in interim results. Therefore, it is recommended that everyone pay attention to high-quality companies whose interim results are expected to increase or even increase significantly, but the increase is limited!

I have screened a list, focusing on stocks whose interim results are expected to double, and marked the range of growth (the smaller the better), you can use it as a reference.